Figment operates as a staking and blockchain infrastructure platform that supports multiple proof-of-stake networks. Its services are designed for institutional clients, exchanges, custodians, and Web3 builders that require secure, reliable, and scalable staking operations.
The platform emphasizes rewards optimization, governance participation, reporting, and API-driven integrations to support professional crypto operations.
What Is Figment and What Does It Do?
Figment, founded in 2018, is a Toronto-based (Canada) blockchain infrastructure company.
The company provides staking solutions that include rewards optimization, rapid API development, governance participation, liquid staking, reporting, and partner integrations for proof-of-stake networks.
Figment employs 164 employees, supporting institutional and enterprise clients across the global Web3 ecosystem.
How Much Funding Has Figment Raised?
1. Seed Round (2018)
- Amount Raised: $1M
- Motivation: To launch validator infrastructure and support early protocol participation.
2. Seed Round (2019)
- Amount Raised: $1.5M
- Lead Investors: Bonfire Ventures, XDL Capital Group, FJ Labs
- Motivation: To expand early staking services and protocol integrations.
3. Series A
- Amount Raised: $2.5M
- Lead Investors: Bonfire Ventures, FJ Labs, XDL Capital Group
- Motivation: To build enterprise APIs and strengthen security architecture.
4. Series B
- Amount Raised: $50M
- Lead Investors: Liberty City Ventures, Senator Investment Group
- Motivation: To scale institutional staking offerings and global operations.
5. Series C
- Amount Raised: $110M
- Lead Investors: Thoma Bravo, Morgan Stanley
- Motivation: To accelerate growth, expand protocol coverage, and reach unicorn valuation.
Total Funding Raised: $165 Million
Current Valuation: $1.4 Billion (as of Dec 2021)
Latest Funding Date: October, 2025
Key Investors
1. Fidelity Investments
- Details: Global asset management firm with significant investments in digital assets and blockchain infrastructure.
- Investment Focus Areas: Asset management, fintech, digital assets.
- Notable Investments: Figment, Coinbase, Circle.
2. JPK Capital
- Details: Investment firm focused on high-growth technology and blockchain infrastructure companies.
- Investment Focus Areas: Blockchain, fintech, emerging technologies.
- Notable Investments: Figment, Web3 infrastructure startups.
3. Thoma Bravo
- Details: Private equity firm specializing in software and technology-enabled businesses.
- Investment Focus Areas: Enterprise software, cybersecurity, infrastructure.
- Notable Investments: Figment, Proofpoint, Anaplan.
Where Is Figment’s Headquarters?
Figment is headquartered in Toronto, Canada, serving institutional crypto clients across North America, Europe, and Asia.
What’s Next for Figment?
Figment is expected to benefit from increasing institutional participation in proof-of-stake networks. The company is likely to expand protocol coverage, enhance governance tooling, and deepen integrations with custodians, exchanges, and asset managers as staking becomes core infrastructure for Web3 finance.
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